Technical Analysis:
● Bulls defended 105k again: a bullish inside bar formed in the green demand zone and the purple trendline, keeping the price glued to the median of the ascending channel.
104,646.49
+0.77%
● The 4h RSI reset to the mid-40s, while the OBV remained flat, indicating absorption of the drop; the pattern projects a pullback to the top of the red channel/supply near 112-115k if the 111k level is surpassed.
💡 Fundamental Analysis:
● The Coinbase premium turned positive for the first time in two weeks, reflecting new purchases in the U.S. market just as the soft Chicago PMI dragged the DXY down, easing headwinds.
✨ Summary:
Buy on dips of 105-108k; a breakout above 111k targets 112k then 115k. The trend remains as long as the price closes above 104k.
Trade at your own risk 👍
Best regards, Cryptocurrency Trading.
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